Friday Happy Hour Update: KBL Merger Gets an Extension and We Have a New SPAC

KBL Merger Corp. IV, just announced they “have entered into several non-binding letters of intent with various entities for an initial business combination.” As a result, the Company gets to extend their completion deadline to March 7, 2019.   Again, it’s non-binding (like Modern Media), so it’s a little fuzzy, but the result is KBLM gets an additional four months.  Like MMDM, this straddles the categories of “searching” and “announced”, so we will placing KBLM in the announced column going forward.

We also, have a new SPAC on file – CF Finance Acquisition Corp., the $250 million Cantor Fitzgerald-backed SPAC.  We have summarized the terms and CF’s profile page is now up on the site for database subscribers, but we’ll be giving the prospectus a thorough read before we come back with additional information.

Have a great weekend.